Global IoT Middleware Market: Industry Analysis and Forecast (2019-2027)

[mayuri kathade]

Global IoT Middleware Market was valued at US$ 5.3Bn in 2019 and is expected to reach US$ 27.2Bn by 2029, at a CAGR of 22.68% during a forecast period.

The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.

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Global IoT Middleware Market Dynamics

The IoT middleware is software used as an interface among the components of IoT. It establish communication between IoT components. Components, machines, and hardware can be connected to the IoT network with the assist of IoT middleware by establishing communication between IoT middleware and the machine program.

Major growth factors for the global IoT middleware market include integrating operations technology and IT, increasing the need for centralized monitoring, increased adoption of cloud, and evolution of high network technologies. However, concerns relating to integration with legacy systems, the absence of uniform IoT standards, and lack of interoperability could restrain the IoT middleware market growth.

The IoT middleware market presents significant opportunities for system integrators owing to the increasing adoption of connected devices across many vertical-specific applications, such as connected cars, smart cities, connected logistics, smart healthcare, intelligent utilities, and connected workforce. Moreover, increasing penetration of internet users has improved the adoption of connected and smart devices, and today’s Internet Protocol (IP) standard, IPv4 is restrained in its capacity to accommodate such a huge number of devices due to the limited availability of addresses.
Segment Analysis of the Global IoT Middleware Market

The large enterprise's segment is expected to have the largest market size in the Global IoT Middleware Market, owing to their early adoption of IoT platform and high investment capabilities. Additionally, large enterprises are investing in IoT platforms and associated services to cater to the dynamic customer desires, streamline business operations, and enhance the experience of the stakeholders. Furthermore, affordability of resources and high economies of scale allow these organizations to leverage the benefits of IoT platforms.
Regional Insights of the IoT Middleware Market

North America is the dominating global IoT middleware market. The region includes the US and Canada. The US accounts for the highest market share in the IoT Middleware Market globally. The US and Canada are also the prompt adopters of trending technologies, for instance, IoT, big data, and mobility, and it would provide significant growth opportunities for IoT platform vendors.

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The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global IoT Middleware Market dynamics, structure by identifying and analyzing the market segments and project the global market size
Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence.
Global IoT Middleware Market, Key Highlights:

• Global IoT Middleware Market analysis and forecast, in terms of value.

• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global IoT Middleware Market

• Global IoT Middleware Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.

• Global IoT Middleware Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.

• Global IoT Middleware Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.

• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.

• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global IoT Middleware Market are also profiled.

The report has considered the base year of 2019 and past four years trend. 2020 figures are at actuals, however due to different dynamics of year 2020, market forecast is not only dependent upon 2020, but on the basis of 2016-2020.
Scope of the Global IoT Middleware Market: Inquire before buying

Global IoT Middleware Market, by Platform Type

• Device Management
• Application Management
• Connectivity Management
Global IoT Middleware Market, by Organization size

• Large Enterprises
• Small and Medium-Sized Enterprises
Global IoT Middleware Market, by Vertical

• Manufacturing
• Government and Defense
• Automotive and Transportation
• Energy and Utilities
• Healthcare
• Retail
• Banking, Financial Services, and Insurance
• Others
Global IoT Middleware Market, by Region

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Global IoT Middleware Market Key Player

• IBM
• Microsoft
• Amazon
• SAP
• PTC
• Cisco
• Alphabet
• Hitachi
• HPE
• Bosch
• Salesforce
• Oracle
• Siemens
• Schneider Electric
• AWS
• Google
• ClearBlades
• TIBCO Software

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